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<br />To )HAVE AND To IIOLn the sane Unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgaged, that the Mortgagor has gorul right to soli and convey said premises;
<br />that they are free fr(.)m encumbrance, except as liereinothe•rtivise recited; that the Mortgagor will warrant
<br />and defend the same,, against the• lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in law or in c- quity, and all other contingent interests of
<br />the Mortgagor in and to the above- descrilxd premises.
<br />PRovipm) ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit:
<br />Mortgagor agrees to pay t o t he ,liurtgagee, (rr, order, the aforesaid principal sum with interest from date
<br />at the rate of Nine tier centum ( 9.00 i � ) per annum on the unpaid balance until paid.
<br />The said principal and interest sham he pavahle at the office of SUPERIOR MORTGAGE, INC.
<br />in GRAND ISLAND, NEBRASKA or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the _1S,irtgagoi. in monthly installments of Three Hundred Fifty-Seven and 25 /100ths
<br />Dollars ($ 357.25 ), commencing on the first da }- ,,f February 1987 , and continuing on
<br />the first day o£ each month tl,ereaf ter until said pile is fully paid, except. that, if not. sooner paid, the final
<br />payment of principal and interest shall be (lire and payable i,n the• t ?rst ,lay of January, 2017 ; all
<br />according to the tarns tit, a (( rtam prianl Z,''! 1. ill v-,�n ,late In -ron ith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />I. Heishe will pay the indebtedness, as herembefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars ($100.001, whichever is less. Prepayment in full shall be credited on the
<br />date received. Partial prepayment, other than or. an installment due date, need not be credited until the
<br />next following installment due date or thirty days after such prepayment, whichever is earlier.
<br />1. Together with, and in addition to, the rnunthly pa_: merits of principal and interest payable under
<br />the terms of the note skwured hereby. M,ir1!gagor %e ill pay t„ Mortgagee. as tr i,stee, ( under the terms of this
<br />trust as hereinafter stated) on the first day of each Inonth until said note is fully paid:
<br />(a) A sum eelual t,i ills gr„und i fits, air:. rwxt diw, pins tier pit-nimnis that will next become due
<br />and payable ,,it l,,,l;( ;,� 4 fir,, tool „th,•r hazard cos, )-ing the mortgaged property,
<br />plus taxes ;tzlti ass, ssni: r,ts next ,in, ",i I h- rrtgaw, (; pngwrty (all as estimated by the Mort -
<br />gagee, and ,:f :ehi h th, , -. - till., ;I h•s; ;ill gums already paid therefor divided by
<br />the uuinlwi iif i ,';ip., i> i"i, „ ji m „nti, pr;:,r t„ the date when such ground rents,
<br />premiums, tax,,, and ;iss, - „m, la< !ll h, fin,, :I,- t,l„l,ti;nt, sueh sums to be held by Mortgagee
<br />in trust to pay sai,i gr:mt:d I-, nl:, lie, !.uum.a, t:tx, , and sp„cral assessmenLs.
<br />(h) The aggregata• ,t' tf,.. ajrwinis p:r,.ahi, Inirs11;tnt t„ subparagraph (a) and those payable on the
<br />note se•cun•.i h, r,•h• ")hall i:,• 1,;,,.i .n .(,my 1• 1,:,•.:r,,•nt , ash m„nth. to be applied to the follow-
<br />ing items in thi, „nice aah.d :
<br />(1) ground ngjts, talc >. ;155, r�lti: itts, !ll• ;ill,! ,",ller hazard insu lance premiums;
<br />(1I) intiI- st,,nth, n „t.•s,+vn " +h,•r,i,. xnil
<br />(111) ,ani,irt.zati(in if 'hi. ,,r:n,,pal , .,a,? ... ,, -
<br />Any ib•t;, :, n, ; .n thi .1r.r u,s , .;!:t h aggr• gat•• m „r,thi payment shall, unless made good
<br />by the yl,,, pr;m *.,, 0;, . dll, „n m xl 1,( it pa. , ill,•nt. rnllstitutf, an event of default
<br />under- thi; in,oIgage,- AL Ml„ltgagi,'s fir ;:in, V;lg „r %k ill pay a "late charge” not exceed-
<br />ing four p, r- ccntuin (; a , an_, :uslxli ii.,•nt ..,<-n paid more than fifteen ( 15) days after the
<br />due date ih, relit to (ini,r th.. , xtr;i , ti;,, :a, I:r. „k(,l n', haoetlulg dehnquont payments, Lut such
<br />'late Charge small no, lw P,v,, ;0,,;, , if if al ',v ..ale made to satisfy the .:,iebted-
<br />ness ur.l, 11 :ui h p: ,Ili, ,. nt t, dischargd the entire indebtedness and
<br />all proper ci,_sts and s,.cw, i
<br />3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the :is trustee, for ground rents, taxes and
<br />assessments or insurance premiums. as the case may h4-, such ,-xc( ss shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items iif-, at Mortgagee's option, as'rustee,
<br />shall be refunded to Mortgagor. If, ho%kovcr, such monthly paym( nts shall nr)t he sufficient to pay such
<br />items when the same shall become due and payable. th(,r, the Nl,,rt.gagcr shall pay to the Mortgagee, as
<br />trustee:, any amount nece:ssari. to nlako up the detiriencv %k ;thin thirty (30) days after .tritten notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. !f at any time
<br />the Mortgagor shall tender to the Mortypigee, in acc,n-dance ,.c!th tl,e pri,ersions <if tho note secured
<br />hereby, full payment of the entire indehti>lm,ss repr—ent-1 thi•r,•I>c. th,• 11i,rlKag „('. as trustee. shall.
<br />in computing the amount of such indebtedness, credit to the account. of the Mortgagor any credit balance
<br />accumulated under the previsions of (a) itf paragraph `Z, hereof. If there shall be a default under any
<br />of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the yfortgageo, as trust4'e, shall apply, at the
<br />time of the commencement of such proceedings, or at the time the property is o r
<br />thewise acquired, the
<br />amount then remaining t d
<br />.o credit the Mortgagor under (a of ) paragraph 3 preceding, as a credit on the
<br />interest accrued and unp:ud and the balance u, the principa! then remaining unpaid on said note.
<br />I. The li, n - -f ti1i, if t_.sn fit :l_al1 i•rnari to full forcc.ui i 1”, rt (ill rtfig 11,E ji, stponenlentfir exten-
<br />sion of '.he t inr pa,, n) .11 !tie ill t ur ,dIIf ss: ,u .tne mart th, r, ur,'d p?eri I»
<br />fie 0w will pay itil �:rixind rents, taxes, aswilfalents. wat,,r rates, and OOwr novernnaentiil or
<br />mlinu-ipml chiargcs. fines. i,r ,mpo „ulcers, levied upon said praynises find that he Ow crli pay ;ill taxes Ievr,xl
<br />,gion this inortgai;, -,r th,• dseht t,rtirt,d thi•refn . ii,vo-ther will) ;w: ,tiwr tax s „r :cyst <..ments which may
<br />fps* ieriW? under t.Pra laws "I \i I .ia,:k;a aira ,t. !hc y' ;t,r Geaeee. „r ih, ;< -Hai h,)ider „f slid prier ipn; nwt,�. Dui
<br />1tv, onnE ih s lel,l,•dtiecs ,•Nt w "h'.!1 ,T,(„i'. . ,r ;Ill; Luc h !i,m, lr,as ale et„L,tr '4,en madr ., d”!
<br />x7 ao eta ;,h ? h,•r - =r i ;,.i
<br />hi- ai ai:i 1 nI' drir,�a ,h, „Iii - ru
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